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Tuesday, April 02, 2013

Stocksy Launches

iStockphoto founder Bruce Livingstone has launched a new digital licensing cooperative called Stocksy. Under its brand new business model / compensation plan, photographers will receive a 50% royalty on each transaction and 100% on extended licenses; what’s more, 90% of all pro?ts will be divided among members at year’s end. Photographers who are accepted into the cooperative also receive equity and have a real say in how the business is operated. “We wanted to create a marketplace for photographers that was not only democratic, but fair and sustainable,” Livingstone says. “There’s no reason these artists shouldn’t be able to earn a living from what they produce.”

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